Canada's Condominium Magazine

Monthly Archives: September 2016

Now that Toronto is hottest market in Canada, is it time to sell?

Now that Toronto is hottest market in Canada, is it time to sell?

It’s a race we’d probably rather not have won, but Toronto has been declared Canada’s hottest housing market. There was only one other runner, of course, Vancouver. According to TD Bank economist Diana Petramala, Vancouver is now in correction mode, with home prices expected to fall a modest 10 per cent. Toronto, in contrast, has… Continue Reading

NYC taking lessons from Toronto on streetcars, open-gangway subway cars

NYC taking lessons from Toronto on streetcars, open-gangway subway cars

Every time we hear about public transit in Toronto (more or less every day), it seems to be a bad-news story: delays, shutdowns, fare increases, lack of air conditioning, too-long wait times, overcrowding. The list, as they say, goes on. It’s enough to make a person wonder, is there anything at all that’s good about… Continue Reading

Toronto named third-best global "city of opportunity," with high quality of living

Toronto named third-best global "city of opportunity," with high quality of living

And the 2016 bronze medal in the category Cities of Opportunity goes to—Toronto! Yes, Toronto, along with London and Singapore, has what it takes as a global business, finance and culture capital of the world. It takes a combination of many factors, says PricewaterhouseCoopers’ global study of thirty cities, to make a city a world… Continue Reading

Toronto named third-best global “city of opportunity,” with high quality of living

Toronto named third-best global “city of opportunity,” with high quality of living

And the 2016 bronze medal in the category Cities of Opportunity goes to—Toronto! Yes, Toronto, along with London and Singapore, has what it takes as a global business, finance and culture capital of the world. It takes a combination of many factors, says PricewaterhouseCoopers’ global study of thirty cities, to make a city a world… Continue Reading

New home construction drops in August with fewer condo starts

New home construction drops in August with fewer condo starts

After a couple of months on a strong upward trend, housing starts declined in Canada in August, Canada Mortgage and Housing Corporation reports. Both the six-month trend measure and the seasonally adjusted annual rate (SAAR) were down significantly. The standalone monthly SAAR for Canada was 182,703, compared to 194,663 in July. CMHC chief economist Bob… Continue Reading

Union Station Revitalization project rewarded for saving electricity

Union Station Revitalization project rewarded for saving electricity

Toronto’s Union Station was built in six years, from 1914 to 1920. Strangely, owing to “legal wrangling” between the various stakeholders in the station, it was another seven years before they officially opened it. In 1927, the Prince of Wales, later Edward VIII for a short, unhappy reign, cut a ribbon with gold scissors then… Continue Reading

Condo owners need to be informed, vigilant if short-term rentals are unwelcome

Condo owners need to be informed, vigilant if short-term rentals are unwelcome

The recent case of a Toronto condominium community that fought to win back control of its board in order to enforce the corporation’s rules against short-term rentals provides a good example of why it is important for condo owners to keep themselves informed about their community’s rules and by-laws. The old adage that just because… Continue Reading

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